PUBLISHER: Acute Market Reports | PRODUCT CODE: 1192901
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1192901
The global tactile sensors market expected to expand at a CAGR of 10% during the forecast period from 2022 to 2030. An increase in the uptake of tactile sensing technologies across different industry verticals can be observed over the last few years, which can be indicated by the total patents being filed and research paper being published. For instance, since 2014, the number of related products patented with the US Patent office have increased by almost a factor of 10 and research activities have doubled. Surge in the adoption of tactile sensing technologies can be largely credited to advances in development of new special structural engineering methods and materials in combination with existing physical principals. In addition, introduction of state-of-the-art flexible tactile sensors that use distinct sensing structures along with capacitive or piezoresistive schemes for achieving higher-pressure sensitivity is expected to drive market adoption during the forecast period.
"Huge Industrial Base makes Asia Pacific the Largest Tactile Sensors Market Worldwide"
Asia Pacific represents the largest tactile sensors market worldwide in terms of both market value and volume. The region accounted for over 34% of the total market value in 2020 and will continue to dominate, offering healthy investment and growth opportunities for all participants involved in the tactile sensor value chain during the forecast period. The dominance and forecasted growth can be largely credited to huge industrial sector coupled with increasing adoption of automation and robotics across the sector. The growth will also be driven by the proliferation of consumer electronics industry in the region. On the other hand, sluggish growth in industrial sector of developed regions like North America and Europe will be offset by strong and steady growth in the healthcare sector.
Key Players:
Some of the leading tactile sensor manufacturers profiled in the research study include Annon Piezo Technology, Tekscan Inc., Pressure Profile Systems, Inc. APC International Ltd., Airmar Technology Corporation, TRS Technologies, Inc., Weiss Robotics, Cirque Corporation, Tacterion GmbH, Synaptics Incorporated, Touch International Inc, X-sensors and Barrett Technology among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tactile Sensors market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Tactile Sensors market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
Resistive
Capacitive
Piezoelectric
Piezoresistive
Inductive
Optoelectric
Others (Magnetic, Ultrasonic, etc.)
End-use Vertical
Automotive
Industrial Manufacturing
Consumer Electronics
Healthcare
Others (Aerospace, Oil & Gas, etc.)
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Tactile Sensors market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Tactile Sensors market?
Which is the largest regional market for Tactile Sensors market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Tactile Sensors market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Tactile Sensors market worldwide?